Should we be wary of price fluctuations based on Germany's Consumer Price Index (flash estimate)?

Should we be wary of price fluctuations based on Germany's Consumer Price Index (flash estimate)?

30.08.2022

In the previous day’s U.S. currency trading, the U.S. dollar weakened as the yield on the 10-year U.S. Treasury note fell from 3.1%. The EUR/USD pair rebounded by approximately 120 pips, rising from 0.9913 to 1.0027. It has now moved above the 20-period moving average (MA) on the 4-hour chart.During today’s Asian session, the pair is testing higher levels. Since it is currently at a level that coincides with the 200-day moving average (200SMA), we will be watching closely to see if it can break above the 200SMA during the European session.

European currencies saw the euro’s upside ease as natural gas prices fell, with the EUR/AUD pair rising from 1.4442 to 1.4557. Since prices have been testing the upside during today’s Asian session as well, we will be watching closely to see if the rally continues. Additionally, since Germany’s preliminary consumer price index is set to be released today, we should be mindful of any price fluctuations triggered by the preliminary data.

Today’s economic indicators include the Swiss KOF Leading Index at 4:00 PM, UK mortgage approvals and UK consumer credit balances at 5:30 PM, and the German Consumer Price Index (flash estimate) and U.S. Federal Reserve Governor Barkin’s remarks at 9:00 PM:Richmond Fed President remarks, 9:30 PM: Canada’s Q2 Current Account, 10:00 PM: US S&P/Case-Shiller Home Price Index, 11:00 PM: US Consumer Confidence Index, and 12:00 AM: US Williams: NY Fed President remarks. Be on the lookout for price fluctuations following the release of Germany’s Consumer Price Index (flash estimate).

Past Market Reports

1. 22.04.2026New

   Will interest grow in the upside potential of the Swiss franc, which has risen against the yen?

2. 21.04.2026New

   With the euro-Australian dollar pair hitting new lows this month, attention is turning to how much further it might fall

3. 20.04.2026New

   Will the market wait and see how much further the U.S. dollar can rise against the yen?

4. 17.04.2026New

   Will the weakening Swiss franc recover? Attention is turning to price movements during European trading hours.

5. 16.04.2026New

   Market participants are likely keeping a close eye on the upside potential of the euro, which has risen against the U.S. dollar

6. 15.04.2026

   Should we keep an eye on remarks by key figures in the U.S. and try to gauge the direction of currency strength?

7. 14.04.2026

   Market participants are likely watching for signs of a rebound in the Canadian dollar, which fell against the U.S. dollar following the release of employment figures

8. 13.04.2026

   Will the weakening Swiss franc continue to strengthen against the yen, or should we wait and see?

9. 10.04.2026

   Will the U.S. dollar, which has fallen against the yen, continue its downward slide, or should we wait and see how the market moves?

10. 09.04.2026

    Should we keep an eye on the upside for European currencies that have risen against the U.S. dollar?